Tuesday, January 26, 2021

Cici's Files For Bankruptcy -- January 26, 2021

Remember this post from December 13, 2020?

There are approximately 70 restaurants on this list (I counted 67 but did not double-check, so somewhere between 65 and 75). Look at the list. 

About 70 restaurant chains were listed. Cici's was not on list.

Today, it is being announce that Cici's has filed for bankruptcy.

The Texas-based company has more than 300 locations in 26 states — a sharp decrease from the roughly 650 restaurants it owned about a decade ago. 
Cici's dropped "pizza" from its name in 2015 and expanded its menu to focus on its unlimited soup, salad and dessert options. 
The company was bought by Arlon, a food and agriculture investment firm, a year later. 
Unlike other pizza chains, Cici's hasn't benefited from delivery. The company said that the at home dining trend "poses significant challenges" to its buffet model and admitted it "must work harder and more creatively" to differentiate itself from competitors.

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